Faulding Inc. receives FDA approval for captopril tablets USP.ELIZABETH, N.J.--(BUSINESS WIRE)--April 2, 1997--Faulding Inc.'s wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Purepac Pharmaceutical Co., has received approval from the Food and Drug Administration to market captopril captopril /cap·to·pril/ (kap´to-pril) an angiotensin-converting enzyme inhibitor used in the treatment of hypertension, congestive heart failure, and post–myocardial infarction left ventricular dysfunction. tablets USP USP - unique sales point , it was announced today by Richard F. Moldin, president and chief executive officer of Faulding Inc. "Our 12.5 mg, 25 mg, 50 mg and 100 mg captopril tablets are the generic equivalent of Capoten(R) tablets marketed by Bristol-Myers Squibb Co. Reported generic sales of captopril tablets in 1996 totaled $96.8 million. There are currently 20 other manufacturers holding approved ANDAs for this product. We are currently examining the commercial potential for captopril tablets," said Moldin. Captopril is indicated in the treatment of hypertension, heart failure, and left ventricular dysfunction after myocardial infarction. Captopril tablets USP were among 14 Faulding Inc. submissions on file with the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. for approval and were the fourth approval received by Faulding Inc. in this calendar year. Since January 1, Faulding Inc. has announced approvals for etodolac etodolac /eto·do·lac/ (e-to-do´lak) a nonsteroidal antiinflammatory drug used as an analgesic and antiinflammatory, especially to treat arthritis. e·to·do·lac n. tablets, 400 mg and preserved and unpreserved presentations of atracurium besylate injection. Faulding Inc. develops, manufactures and markets human pharmaceuticals and medical devices. The shares of Faulding Inc. are traded on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on under the symbol "FAUL." Note: Capoten(R) is a registered trademark of Bristol-Myers Squibb Co. CONTACT: Andrew Berdon Vice President 908/527-9100 |
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